Platinum is in a bearish trend as mentioned in the price chart. if Price respects this trendline and closes below the zone mentioned zone and also from the trendline then we can initiate a short sell. Good Luck .
The deep crab is a variation of the normal crab pattern. It is still a 5-point extension, and it still has the endpoint, D, at the 161.8 percent extension of XA, but the little difference is in the AB=CD importance. The most distinguishing component of this pattern is the importance of the particular 88.6 percent retracement point of B. Together with the crab...
Trade Mark up Date: Sept. 24 2023 - Payper Trade Trade setup: When the market is moving sideways use the box tool to identify the market consolidating. We are waiting for a break and retest for either a SELL or a BUY. Execute: Clear break and retest from top or bottom of box. Standard Rules *Position Type: Limit orders and Market Execution orders ONLY *...
Platinum (XPTUSD) is trading around the 1D MA50 (blue trend-line) after a rebound on the bottom (Higher Lows trend-line) of a potential long-term Channel Up structure. This is the 2nd time it bounces off the Higher Lows and the 4th within the 7-month Support Zone. The 1D MACD made a Bullish Cross last week and is on Higher Lows since June 30. The very same Triple...
Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less). The start of September found the price at the bottom of this range and the price has started to rise again. A first leg up followed and after XptUsd reached 950, a correction started. Yesterday we had a reversal in price from interim...
The time may soon be arriving to take a dip into the badly beaten PGM boys. Looking at the Platinum price (USD), it is obvious just how much pressure the metal has been under. There is a technical support level fast approaching and I think that level is close to $890.00/oz. Price action suggests over-sold now in the short term so a bounce from that level should...
Hello Traders Investors And Community, Welcome to this analysis where we are looking at PLATINUM 4-hour timeframe perspective, the recent events, the current formation, and how possible set-ups can resulting out of it. PLATINUM is trading in this huge possible rising-triangle-formation marked in blue which can reverse the established bullish trend to the...
Platinum (XPTUSD) is rebounding after entering the S1 Zone, which is the bottom part of the Rectangle pattern that has been keeping the price action sideways for the past three months. The 1D technical outlook is neutral (RSI = 45.406, MACD = -7.150, ADX = 37.615) as a result, which justifies this ranged price action. The 1D RSI is rising on a HL trendline, thus...
Hi....besed on my thought process if platinum comes toward 800$ ....it will be undervalue and surely i will buy that in hefty amount ......Looooook at this beautiful trend line (it goes back to 2000). Gooooood Luuuuuck
Hello, Traders Investors And Community, welcome to this analysis about the current structure and price-action we have in platinum, there are some interesting and significant signs which I determined and which will affect the price-action further. Platinum is still moving in a steady uptrend since we had the bear-trap and bottom building at 560 we saw some good...
Bearish Setup -Price was in an uptrend but now it has stopped making higher highs. -RSI is also showing bearish divergence -The price point has also rejected from resistance
As we expected in the previous published idea, we got a nice follow up after the price formed a double bottom. The price has risen to the first resistance level. Breaking this will push the price to the 980 level. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
An ascending channel pattern formed on the daily chart of the XPT/USD pair (Platinum CFD) after a downtrend that lasted for about one month. It can now be used for a bearish breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The position...
A breakout with a RSI divergence is enough reason to buy!
While long term us yields have been rising heavily, we saw harsh drops on the precious metals including OANDA:XAUUSD , OANDA:XAGUSD and $OANDA:XPTUSD. Platinum has started show reversal movements. The price formed a double bottom and breaking the middle point. RSI also shows the bullish divergence. Additionally, the ratio between platinum and gold also formed...
The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, OANDA:XPTUSD can see the 980$ area quickly. Depending on how fast we...
A basic SMC trade plan. Price reached previous 50% of H4 order block. Price created CHOCH on M15 and left another valid orderblock. Placed sell limit at 50% of M15 orderblock. Waited for 10:00am(GMT+2) Placed trade. Boom!! Profits:)
hi impulse traders i spotted an good long opprtunity on xpt i think it time for a bulish move visting the swing highs possible continuation after an impulse up